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Hotel Located In St Ives For Sale

St Ives, Cornwall, UK
Asking Price:
£975,000 Furniture / Fixtures included
Turnover:
£169,802
Net Profit:
Available on request

20 Guest Bedroom (all en-suite) Hotel located in St Ives. Stunning views of St Ives Bay. Comes fully fitted and with 3 bedroom owners accommodation. Set in 0.6 acres. Potential for development.

Veritas Business Sales are delighted to offer for sale this delightful 20 bedroom hotel which is located in the holiday town of St Ives, Cornwall. The property was transformed into a hotel 56 years ago and has been in the careful hands of the current owner for the past 21 years. The business is now being offered for sale so that they can enjoy a well deserved retirement. The hotel sits in just under (0.6) of an acre and is presented to a high standard. Since ownership they have continually refurbished and invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The St Merryn Hotel is owner operated with the help of 4 part time members of staff and has an annual turnover of £169,802. The hotel is currently and has been for many years run as a highly successful coaching hotel and as such has a high level of regular and repeat trade for coach operators. All bedrooms come with TVs and complimentary tea & coffee making facilities. We believe that there is an opportunity to run the hotel as a successful business for private guests offering B&B with evening meals for both guests and non residents. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade from visiting tourists. This is a superb opportunity to purchase a business that has already benefited from significant investment which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed. The property is in a prime location and could be of interest for development with the correct planning applications in place.

Property Information

Property:

Freehold

Location:

This charming 20 bedroom hotel is located in the popular Cornish town of St Ives. Positioned on the main St Ives Road with stunning view of the bay. The town boasts a number of other complementary hotels and guest houses along with National Blue Chip retailers and enjoys high levels footfall and tourism especially in summer months. St Ives is the dazzling jewel in Cornwall's crown, with a picturesque fishing harbour, produces above average levels of sunshine and voted the best holiday destination by Coast magazine and is listed in TripAdvisor's top 10 European beaches.

Premises Details:

Ground Floor
Entrance/Hallway
Guest Lounge (6.8m x 4.4m) with fireplace, 4 settees, 2 side tables, 1 arm chairs.
Dining Room (6.0m x 8.2m) with table & chairs to cover (40), various pictures and large wall mirror.
Lounge/Bar (6.5m x 10.9) with 8 tables with chairs, various pictures, electronic till, various shelves, and under counter drinks fridge (Quest).
Store Room/Cellar (2.2m x 4.4m) comprising: various shelving, fridge freezer (Lec), sink with drainer and usual cellar equipment.
Store cupboard with various shelves

Kitchen (4.4m x 4.5m) comprising: fitted kitchen with wall & base units, boiler (Mexico), microwave (Samsung), 4 ring burner range, 2 ring burner oven with griddle, single deep fat fryer (Valentine), plate warmer (Parry), dual sink with drainer, upright freezer and upright fridge (Scandinova).
Utility room (4.2m x 2.1m) with sink drainer, dishwasher (Electrolux) and hot water dispenser, plumbed area for washing machine
Utility/Store room (3.2m x 2.3m) with various shelves and cupboards.
Office (1.5m x 3.5m) with desk, chair and various shelving.

Bedroom 20 (5.3m x 3.6m) twin room with en-suite.

First Floor
Accommodation
Bedroom 1 (4.3m x 5.0m) family room with en-suite
Bedroom 2 (3.1m x 3.6m) double room with en-suite
Bedroom 3 (4.4m x 4.0m) triple room with en-suite
Bedroom 4 (3.1m x 3.6m) double room with en-suite
Bedroom 5 (3.6m x 4.1m) triple room with en-suite
Bedroom 6 (3.6m x 3.2m) twin room with en-suite
Bedroom 12 (3.1m x 5.2m) triple room with en-suite
Bedroom 13 (3.3m x 5.2m) triple room with en-suite
Bedroom 14 (3.2mx 4.4m) double room with en-suite
Bedroom 15 (3.3m x 4.4m) double room with en-suite
Store cupboard

Second Floor
Bedroom 7 (4.3m x 2.6m) double room with en-suite
Bedroom 8 (3.8m x 3.1m) single room with en-suite
Bedroom 9 (2.4m x 5.4m) twin room with en-suite
Bedroom 10 (2.7m x 3.3m) double room with en-suite
Bedroom 11 (5.3m x 2.7m) double room with en-suite
Bedroom 16 (3.1m x 4.2m) single room with en-suite
Bedroom 17 (4.3m x 3.4m) double room with en-suite
Bedroom 18 (4.3m x 3.4m) double room with en-suite
Bedroom 19 (3.1m x 4.2m) single room with en-suite
Store cupboard

All guest bedrooms come with wall mounted flat screen TV’s and tea & coffee making facilities

Owners Accommodation
Lounge (5.8m x 3.6m)
Bedroom 1 (3.0m x 2.5m)
Bedroom 2 (2.6m x 2.7m)
Bedroom 3 (3.0m x 2.0m)
Bathroom (1.8m x 1.7m)

External
Large double garage with chest freezer
Parking for 20+ cars
Extensive mature gardens

Energy Performance Rating:
D

Business Operation

Reasons for selling:

Retirement

Years established:
56 years

Other Information

Inventory / Stock value:
£2,000
Website:
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